Washington D.C., District of Columbia, United States

Economy

๐Ÿ‡บ๐Ÿ‡ธ Washington, D.C., is the capital city of the United States of America. As the seat of the United States federal government and several international organisations, Washington is an important world political capital. It is one of the most visited cities in the United States, with more than 20 million visitors in a normal year.

The U.S. Constitution provides for a federal district under the exclusive jurisdiction of Congress; the district is therefore not a part of any U.S. state (nor is it one itself). The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River near the country's East Coast. The City of Washington was founded in 1791 to serve as the national capital, and Congress held its first session there in 1800. In 1801, the territory, formerly part of Maryland and Virginia (including the settlements of Georgetown and Alexandria), officially became recognised as the federal district. In 1846, Congress returned the land originally ceded by Virginia, including the city of Alexandria; in 1871, it created a single municipal government for the remaining portion of the district. There have been efforts to make the city into a state since the 1880s, a movement that has gained momentum in recent years, and a statehood bill passed the House of Representatives in 2021.

The city is divided into quadrants centred on the Capitol Building, and there are as many as 131 neighbourhoods. It is the 20th most populous city in the U.S., third-most populous city in both the Mid-Atlantic and Southeast, and gives it a population larger than that of two U.S. states: Wyoming and Vermont. Commuters from the surrounding Maryland and Virginia suburbs raise the city's daytime population to more than one million during the workweek. Washington's metropolitan area, the country's sixth-largest (including parts of Maryland, Virginia and West Virginia), had a 2019 estimated population of 6.3ย million residents.

The three branches of the U.S. federal government are centred in the district: Congress (legislative), the president (executive), and the Supreme Court (judicial). Washington is home to many national monuments and museums, primarily situated on or around the National Mall. The city hosts 177 foreign embassies as well as the headquarters of many international organisations, trade unions, non-profits, lobbying groups, and professional associations, including the World Bank Group, the International Monetary Fund, the Organization of American States, the AARP, the National Geographic Society, the Human Rights Campaign, the International Finance Corporation, and the American Red Cross.

A locally elected mayor and a 13-member council have governed the district since 1973. Congress maintains supreme authority over the city and may overturn local laws. D.C. residents elect a single at-large congressional delegate to the House of Representatives who has no vote. The district has no representation at all in the Senate. District voters choose three presidential electors in accordance with the Twenty-third Amendment to the United States Constitution, ratified in 1961.

Economy Washington has a growing, diversified economy with an increasing percentage of professional and business service jobs. The district's gross state product in 2018-Q2 was $141ย billion. The Washington Metropolitan Area's gross product was $435ย billion in 2014, making it the sixth-largest metropolitan economy in the United States. Between 2009 and 2016, GDP per capita in Washington has consistently ranked on the very top among U.S. states. In 2016, at $160,472, its GDP per capita is almost three times as high as that of Massachusetts, which was ranked second in the nation. As of 2011, the Washington Metropolitan Area had an unemployment rate of 6.2%; the second-lowest rate among the 49 largest metro areas in the nation. The District of Columbia itself had an unemployment rate of 9.8% during the same time period.

In December 2017, 25% of the employees in Washington, D.C., were employed by a federal governmental agency. This is thought to immunise Washington, D.C., to national economic downturns because the federal government continues operations even during recessions. Many organisations such as law firms, defence contractors, civilian contractors, non-profit organisations, lobbying firms, trade unions, industry trade groups, and professional associations have their headquarters in or near Washington, D.C., in order to be close to the federal government. The city of Rosslyn, Virginia, located across the Potomac River from D.C., serves as a base of operations for several Fortune 500 companies, due to the building height restrictions in place within the District of Columbia. In 2018, Amazon announced they would build "HQ 2" in the Crystal City neighbourhood of Arlington, Virginia.

Tourism is Washington's second-largest industry. Approximately 18.9ย million visitors contributed an estimated $4.8ย billion to the local economy in 2012. The district also hosts nearly 200 foreign embassies and international organisations such as the World Bank, the International Monetary Fund (IMF), the Organization of American States, the Inter-American Development Bank, and the Pan American Health Organization. In 2008, the foreign diplomatic corps in Washington employed about 10,000 people and contributed an estimated $400ย million annually to the local economy.

The district has growing industries not directly related to government, especially in the areas of education, finance, public policy, and scientific research. Georgetown University, George Washington University, Washington Hospital Center, Children's National Medical Center and Howard University are the top five non-government-related employers in the city as of 2009. According to statistics compiled in 2011, four of the largest 500 companies in the country were headquartered in the district. In the 2021 Global Financial Centres Index, Washington was ranked as having the 14th most competitive financial centre in the world, and fourth most competitive in the United States (after New York City, San Francisco, and Los Angeles).

Washington D.C., District of Columbia, United States 
<b>Washington D.C., District of Columbia, United States</b>
Image: Photo by Grant Czerwinski on Unsplash

Washington D.C. is rated Beta + by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Beta level cities are cities that link moderate economic regions to the world economy.

Washington D.C. is the #15 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria โ€“ Human Capital, Business, Finance, Infrastructure and Reputation.

Washington D.C. is the #31 city in the world according to the Global Power City Index (GPCI) which evaluates and ranks the major cities of the world according to their magnetism, or their comprehensive power to attract people, capital, and enterprises from around the world. It does so through measuring six key functions: Economy, Research and Development, Cultural Interaction, Liveability, Environment, and Accessibility.

Washington D.C. is ranked #85 by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. Washington D.C. was ranked #270 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Washington D.C. has a population of over 709,690 people. Washington D.C. also forms part of the wider Washington-Arlington-Alexandria metropolitan area which has a population of over 6,216,589 people. Washington D.C. is the #96 hipster city in the world, with a hipster score of 4.5284 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores. Washington D.C. is ranked #19 for startups with a score of 18.064.

UBI Lab Washington DC Twitter: https://twitter.com/UBIWashingtonDC

Twin Towns, Sister Cities Washington D.C. has links with:

๐Ÿ‡ฌ๐Ÿ‡ญ Accra, Ghana ๐Ÿ‡ช๐Ÿ‡น Addis Ababa, Ethiopia ๐Ÿ‡น๐Ÿ‡ท Ankara, Turkey ๐Ÿ‡ฌ๐Ÿ‡ท Athens, Greece ๐Ÿ‡น๐Ÿ‡ญ Bangkok, Thailand ๐Ÿ‡จ๐Ÿ‡ณ Beijing, China ๐Ÿ‡ฎ๐Ÿ‡ฑ Beit Shemesh, Israel ๐Ÿ‡ง๐Ÿ‡ท Brasรญlia, Brazil ๐Ÿ‡ง๐Ÿ‡ช Brussels, Belgium ๐Ÿ‡จ๐Ÿ‡ณ Cheongwen, China ๐Ÿ‡ธ๐Ÿ‡ณ Dakar, Senegal ๐Ÿ‡ฎ๐Ÿ‡น L'Aquila, Italy ๐Ÿ‡ฎ๐Ÿ‡ฑ Mateh Yehuda, Israel ๐Ÿ‡ซ๐Ÿ‡ท Paris, France ๐Ÿ‡ฟ๐Ÿ‡ฆ Pretoria, South Africa ๐Ÿ‡ฎ๐Ÿ‡น Rome, Italy ๐Ÿ‡ธ๐Ÿ‡ป San Salvador, El Salvador ๐Ÿ‡ฐ๐Ÿ‡ท Seoul, South Korea ๐Ÿ‡จ๐Ÿ‡ณ Shunyi, China ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Sunderland, England
Text Atribution: Wikipedia Text under CC-BY-SA license | GPCI | GFCI | GaWC | GUCR | Hipster Index | Nomad | StartupBlink

  • Henry Vaughan |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ ๐Ÿ‡บ๐Ÿ‡ธ Architect Henry (Vaughn, Henry) Vaughan is associated with Washington D.C..

  • George Frederick Bodley |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect George Frederick Bodley is associated with Washington D.C.. He was elected a Fellow of the Royal Institute of British Architects (FRIBA) in 1869.

  • Russell Page |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect/Garden Designer Russell Page is associated with Washington D.C.. In 1937 Page was elected a fellow of the Institute of Landscape Architects and in the late 1930s wrote a number of articles for the Institute's journal Landscape and Gardening.

  • Kevin Roche |

    ๐Ÿ‡ฎ๐Ÿ‡ช ๐Ÿ‡บ๐Ÿ‡ธ Architect Kevin Roche is associated with Washington D.C.. He was a member of the Accademia Nazionale di San Luca in Italy.

Antipodal to Washington D.C. is: 103,-38.9

Locations Near: Washington D.C. -77,38.9

๐Ÿ‡บ๐Ÿ‡ธ Arlington -77.092,38.861 d: 9.1  

๐Ÿ‡บ๐Ÿ‡ธ Silver Spring -77.021,39.002 d: 11.5  

๐Ÿ‡บ๐Ÿ‡ธ Alexandria -77.044,38.805 d: 11.2  

๐Ÿ‡บ๐Ÿ‡ธ Bethesda -77.096,39.002 d: 14  

๐Ÿ‡บ๐Ÿ‡ธ Rockville -77.133,39.083 d: 23.4  

๐Ÿ‡บ๐Ÿ‡ธ McLean -77.228,38.957 d: 20.7  

๐Ÿ‡บ๐Ÿ‡ธ Montgomery County -77.153,39.084 d: 24.4  

๐Ÿ‡บ๐Ÿ‡ธ Vienna -77.267,38.9 d: 23.1  

๐Ÿ‡บ๐Ÿ‡ธ Upper Marlboro -76.75,38.8 d: 24.3  

๐Ÿ‡บ๐Ÿ‡ธ Bowie -76.733,38.95 d: 23.7  

Antipodal to: Washington D.C. 103,-38.9

๐Ÿ‡ฆ๐Ÿ‡บ Bunbury 115.637,-33.327 d: 18723.5  

๐Ÿ‡ฆ๐Ÿ‡บ Mandurah 115.721,-32.529 d: 18667.6  

๐Ÿ‡ฆ๐Ÿ‡บ Rockingham 115.717,-32.267 d: 18650.9  

๐Ÿ‡ฆ๐Ÿ‡บ City of Cockburn 115.833,-32.167 d: 18635.5  

๐Ÿ‡ฆ๐Ÿ‡บ Vincent 115.834,-31.936 d: 18620.1  

๐Ÿ‡ฆ๐Ÿ‡บ Perth 115.857,-31.953 d: 18619.5  

๐Ÿ‡ฆ๐Ÿ‡บ Wanneroo 115.803,-31.747 d: 18609.6  

๐Ÿ‡ฆ๐Ÿ‡บ Guildford 115.973,-31.9 d: 18607.2  

๐Ÿ‡ฆ๐Ÿ‡บ Midland 116.01,-31.888 d: 18603.6  

๐Ÿ‡ฆ๐Ÿ‡บ Albany 117.867,-35.017 d: 18627.3  

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